Apple Pay (and the other phone based payment systems) are actually more secure than swiping your card. It's called tokenization. The data that gets transmitted via your phone to the point of sale terminal isn't actually your credit card number. When you put your card in Apple Pay it generates a series of random numbers that are unique to that card. That info goes to your bank as well and the only two places it exists is burned into your phone (in the same place that stores your TouchID fingerprint, so highly secured) and at your bank.

So when you make a transaction it sends this unique number to the point of sale terminal who then sends it to the bank and they go "yup, xg844hah34 (the data is actually much longer) is Joe's visa, charge it!". If somebody hacks the point of sale system, all they get is a useless random number which they can't actually use for anything else.

Apple Pay (and the other phone based payment systems) are actually more secure than swiping your card. It's called tokenization. The data that gets transmitted via your phone to the point of sale terminal isn't actually your credit card number. When you put your card in Apple Pay it generates a series of random numbers that are unique to that card. That info goes to your bank as well and the only two places it exists is burned into your phone (in the same place that stores your TouchID fingerprint, so highly secured) and at your bank.

So when you make a transaction it sends this unique number to the point of sale terminal who then sends it to the bank and they go "yup, xg844hah34 (the data is actually much longer) is Joe's visa, charge it!". If somebody hacks the point of sale system, all they get is a useless random number which they can't actually use for anything else.

Apple Pay (and the other phone based payment systems) are actually more secure than swiping your card. It's called tokenization. The data that gets transmitted via your phone to the point of sale terminal isn't actually your credit card number. When you put your card in Apple Pay it generates a series of random numbers that are unique to that card. That info goes to your bank as well and the only two places it exists is burned into your phone (in the same place that stores your TouchID fingerprint, so highly secured) and at your bank.

So when you make a transaction it sends this unique number to the point of sale terminal who then sends it to the bank and they go "yup, xg844hah34 (the data is actually much longer) is Joe's visa, charge it!". If somebody hacks the point of sale system, all they get is a useless random number which they can't actually use for anything else.

Click to expand...

What about password managers? Are those more or less secure than other options

Apple Pay (and the other phone based payment systems) are actually more secure than swiping your card. It's called tokenization. The data that gets transmitted via your phone to the point of sale terminal isn't actually your credit card number. When you put your card in Apple Pay it generates a series of random numbers that are unique to that card. That info goes to your bank as well and the only two places it exists is burned into your phone (in the same place that stores your TouchID fingerprint, so highly secured) and at your bank.

So when you make a transaction it sends this unique number to the point of sale terminal who then sends it to the bank and they go "yup, xg844hah34 (the data is actually much longer) is Joe's visa, charge it!". If somebody hacks the point of sale system, all they get is a useless random number which they can't actually use for anything else.

Click to expand...

On top of that there are some credit card companies that will send Apple Pay/Samung Pay/ Etc. your new card number right away if your actual card is compromised. That way you'll still be able to pay for stuff using the payment service right away without having to wait for the new physical card to show up.

Apple Pay (and the other phone based payment systems) are actually more secure than swiping your card. It's called tokenization. The data that gets transmitted via your phone to the point of sale terminal isn't actually your credit card number. When you put your card in Apple Pay it generates a series of random numbers that are unique to that card. That info goes to your bank as well and the only two places it exists is burned into your phone (in the same place that stores your TouchID fingerprint, so highly secured) and at your bank.

So when you make a transaction it sends this unique number to the point of sale terminal who then sends it to the bank and they go "yup, xg844hah34 (the data is actually much longer) is Joe's visa, charge it!". If somebody hacks the point of sale system, all they get is a useless random number which they can't actually use for anything else.

Click to expand...

I may actually start using it now. My husband uses Samsung pay all the time, but I've always been skittish of it.

I may actually start using it now. My husband uses Samsung pay all the time, but I've always been skittish of it.

Click to expand...

Another fun advantage is because they don't have your actual credit card number/name/whatever, retailers have a much harder time tracking your sales data (which is why a lot of them didn't like apple pay and tried to start their own deal)

Apple Pay (and the other phone based payment systems) are actually more secure than swiping your card. It's called tokenization. The data that gets transmitted via your phone to the point of sale terminal isn't actually your credit card number. When you put your card in Apple Pay it generates a series of random numbers that are unique to that card. That info goes to your bank as well and the only two places it exists is burned into your phone (in the same place that stores your TouchID fingerprint, so highly secured) and at your bank.

So when you make a transaction it sends this unique number to the point of sale terminal who then sends it to the bank and they go "yup, xg844hah34 (the data is actually much longer) is Joe's visa, charge it!". If somebody hacks the point of sale system, all they get is a useless random number which they can't actually use for anything else.

Click to expand...

Thanks for the info. I didn't know how that services worked. Even though is secured and all, I just don't feel comfortable. I know that I may sound like a tin foiler but the things that I've seen on the internet have made me very wary of what I put into my phone. Just my personal preference.

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